Worldwide Ceramic Inks Market, Has Witnessed a Steady Growth And Is Anticipated To Grow With a Healthy CAGR Of 6.73% from 2020 - 2025

Global Ceramic Inks market is segmented into type, technology, application and geography. The market was worth USD 1987.24 million in 2018. Based on type, the global ceramic inks market is segmented into Functional Inks and Decorative inks. The decorative inks segment accounts for highest market share in the global market, owing to increased demand for decorated ceramic tiles from the construction industry across the globe.

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On the basis of application, the global market is segmented into ceramic tiles, glass printing, food container printing, and others. The ceramic tiles application segment accounts for highest market share and is expected to witness significant growth over the forecast period.

The global Ceramic Inks market by technology is segmented into Analog printing and Digital printing. The digital printing technology segment of the ceramic inks market is projected to grow at the highest CAGR between 2020 and 2024. This segment is also expected to lead the ceramic inks market during the forecast period. The growth of the digital printing technology segment of the ceramic inks market can be attributed to low costs involved in using this technology for manufacturing ceramic tiles, thereby enabling increased production of printed ceramic tiles with improved design offerings.

Geographically, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific dominates the global market in terms of revenue and is expected to maintain its dominance over the forecast period. This growth can be attributed to the economic development in countries such as China and India in the region. The market in Latin America is also expected to register significant growth in the ceramic inks market over the forecast period. The key countries included under Asia Pacific are Japan, China, India, Australia and Rest of Asia Pacific. Rest of the World includes Middle East and Latin America.

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The key competitors of this market include Colores Olucha, S.L., Colorobbia Holding S.P.A, Esmalglass - Itaca Grupo, Ferro Corporation, Fritta, KAO Chimigraf, Sicer S.P.A., Six Star Ceramic Colours Co., Ltd., Smalticeram Unicer Spa, SUN Chemical, Tecglass, Torrecid Group, Zschimmer & Schwarz and among others.

Interest for ceramic inks is anticipated to increment because of growing end-user enterprises, such as, automobile and construction. Growth in the construction sector in rising economies of Asia Pacific and Middle East and Africa is additionally liable to support the interest for ceramic inks. Besides, interest for vehicles has expanded essentially in India and China, two of the significant economies in Asia Pacific. This is probably going to additionally drive the interest for ceramic inks. Development in digital printing innovations that utilize ceramic inks is required to give new chances to enduring improvements and optical impacts on glass.

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